{"id":6546,"date":"2014-06-11T13:37:46","date_gmt":"2014-06-11T13:37:46","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=6546"},"modified":"2014-06-11T13:37:46","modified_gmt":"2014-06-11T13:37:46","slug":"buyers-sellers-show-reluctance-act-now","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/buyers-sellers-show-reluctance-act-now\/","title":{"rendered":"Buyers, Sellers Show Reluctance to Act Now"},"content":{"rendered":"

Buyers, Sellers Show Reluctance to Act Now<\/h2>\n
\"Buyers,<\/a>

Buyers, Sellers Show Reluctance to Act Now. Image courtesy of tungphoto \/ FreeDigitalPhotos.net<\/p><\/div>\n

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Despite favorable attitudes toward the housing market in recent months, Americans are showing reluctance to buy or sell, which has restrained activity below typical seasonal trends, according to Fannie Mae’s May 2014 National Housing Survey.<\/p>\n

“Consumers’ lukewarm income expectations and reticence about the economy seem to be holding back housing demand,” says Doug Duncan, chief economist at Fannie Mae. “This year’s spring and summer homebuying season has gotten off to a slow start, even as mortgage rates have trended lower over the past two months.”<\/p>\n

Economic conditions continue to be the top concern among consumers who say it’s a bad time to buy or sell a home, according to Fannie Mae’s survey.<\/p>\n

“While recent housing activity suggests that the worst of the housing slump may be behind us, this caution among consumers supports our expectation that the rebound in home sales will likely be too modest to pull sales for all of 2014 ahead of last year,” Duncan says.<\/p>\n

The survey of about 1,000 Americans also found:<\/p>\n